50 13th St Beaumont, TX 77702-2116

Property Details for 50 13th St

Year built

1973

Lot size

2.44 lot acres

Property size

22,660 SF

Property type

Commercial real estate

APN

065950-000-013100-00000

APU

6595000001310000000

Description

Lone Star Storage, a 36,000 square foot self-storage facility in Beaumont, Texas, presents a compelling investment opportunity. This 182-unit facility, built in 1973 and renovated in 2002, comprises seven single-story buildings situated on a 2.44-acre lot (APN: 109536). The property features 179 drive-up, non-climate-controlled units and two covered parking spaces. Convenient amenities include an on-site manager's office, concrete drives, many units with roll-up doors, chain-link fencing with digital keycode access, and 24/7 video surveillance. Located less than two miles west of downtown Beaumont, this infill location benefits from its proximity to major arteries, Interstate 10 and 11th Street, serving a trade area of approximately 58,000 people with an average household income near $80,000. Currently operating at approximately 43% occupancy (a 6% increase this year), the property offers significant upside potential. A modest capital expenditure of around $25,000 is estimated for necessary door and partition replacements in one building (10 units/1000 NRSF). Projecting an 85% economic occupancy at market rates could yield a nearly 10% year-two cap rate. This property's strategic location near the Port of Beaumont, a major US cargo hub, further enhances its long-term prospects.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Longitude

-94.1316

Latitude

30.0793

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments